Glencore

Oryx Midstream Lands $550 Million from Qatar Investment Authority

August 7, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in

Glencore’s Executive Departures Hasten as Oil Chief Leaves

June 3, 2019

From Bloomberg Alex Beard will retire as oil chief at the end of June, has held that job since 2007 and led Glencore through its IPO The generational change at the top of Glencore Plc gained speed on Monday, after the company announced the retirement of its long standing head of oil Alex Beard. Beard, 51, was at one time

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

March 31, 2017

Crude storage is becoming less attractive as futures prices decline Swiss mining giant and commodity trader Glencore (ticker: GLEN) is looking to divest its global storage assets, following similar moves by rivals Vitol and Gunvor. As the futures curve begins to flatten and the market enters backwardation storage is becoming a less attractive asset for commodity traders who stockpiled crude

Russia Sells 19.5% Stake in Rosneft to Glencore for $11.3 Billion

December 8, 2016

Rosneft sale relieves budget pressures Russia has sold a 19.5% stake in Rosneft, the world’s largest-listed oil company and a state-controlled asset, for €10.5 billion ($11.3 billion) President Vladimir Putin announced on television with Rosneft CEO Igor Sechin. The stake was sold to a consortium made up of Swiss mining company and commodity trader Glencore (ticker: GLEN) and Qatar Investment

Swiss Mining Giant Glencore to Take 49% Stake in Russian Oil-Major

March 13, 2015

Glencore plans to convert shares in subsidiaries of Russia’s Russneft into a 49% stake in the company Swiss mining giant Glencore (ticker: GLEN) plans to take a 49% stake in Russian oil producer Russneft (ticker: RUSN) by exchanging Glencore’s shares in Russneft’s subsidiaries for shares in the holding company, according to a release from the Swiss company. This news comes

Oryx Midstream Lands $550 Million from Qatar Investment Authority

Glencore’s Executive Departures Hasten as Oil Chief Leaves

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

Russia Sells 19.5% Stake in Rosneft to Glencore for $11.3 Billion

Swiss Mining Giant Glencore to Take 49% Stake in Russian Oil-Major

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